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Saturday Papers: Nasdaq jumps to 11-year high on surge in US jobs

by Himanshu Singh on Feb 04, 2012 at 07:30

The report showed that 243,000 Americans found work in January, helping to drive the unemployment rate down to 8.3% from 8.5% in December.

Aberdeen to stem flows into £9bn emerging market range

by Emma Dunkley on Feb 03, 2012 at 13:33

Aberdeen Asset Management is stemming flows into some of its Global Emerging Markets funds run by Devan Kaloo to prevent soft-closure.

FSA hits out at sale and rent back market

by Daniel Grote on Feb 03, 2012 at 10:36

The Financial Services Authority has hit out at the sale and rent back market, publishing a report that shows most transactions in the market were unaffordable or unsuitable and should never have been sold.

FSA launches enforcement against UBS over £1.5bn trading losses

by Michelle Abrego on Feb 03, 2012 at 10:35

The Financial Services Authority has begun an enforcement investigation against Swiss bank UBS over the actions of alleged rogue trader Kweku Adoboli, who has been accused of unauthorised trading costing the company £1.5 billion.

Threesixty launches IFP-backed paraplanning forums

by Alex Steger on Feb 03, 2012 at 10:27

Support services provider Threesixty is to kick off a series of paraplanner events next month, launching the first of the year in Chepstow, where cashflow modelling will come under the spotlight.

AXA’s Peirson targets US growth

by Jun Merrett on Feb 03, 2012 at 10:26

AXA Framlington’s Richard Peirson has moved his focus away from emerging markets to line up with UK-based companies benefiting from growth in the rebounding US economy

IFA promotes financial advice through community website

by Jun Merrett on Feb 03, 2012 at 10:24

Hampshire-based Encompass Financial Management plans to promote financial advice through a local not-for-profit community website it is setting up.

Punter Southall takes control of PSigma Asset Management

by Sarah Miloudi on Feb 03, 2012 at 10:22

Punter Southall Group has taken full control of PSigma Asset Management after buying out the remaining 50% of the fund management boutique.

UK entering recession, forecasts research institute

by David Sandham on Feb 03, 2012 at 07:55

The UK economy will contract slightly by 0.1 per cent this year, but will grow by 2.3 per cent in 2013, according to the National Institute of Economic and Social Research.

Fresh bids lift hopes for troubled life settlement vehicle

by William Robins on Feb 03, 2012 at 07:36

Life settlement vehicle ARM is taking fresh bids after a bid from Insetco lapsed.

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